Comment du Jour: “A Tide Going Back To The Ocean”
This from “asad” on “An Interesting Sale and Theory“. In that post, fluj essentially contributes strong home sales and prices in the southerly neighborhoods of San Francisco to their gentrification largely as a result of the jobs available even further south (think Silicon Valley and such). “asad” is not so convinced it will last:
Wait til Google [and] Cisco start to announce layoffs early next year. Sure some people still have money but it’s like a tide going back to the ocean. You still have tide pools here and there but if the tide doesn’t come back in soon, the tide pools are going to dry out, they just take longer.
Good analogy. Thanks for the comment. Google announcing layoffs would be a huge deal for the national economy, so we’re all ears if anybody else would like to share some knowledge in the comments below.